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Move Over Apple Suppliers: Best Taiwan Gains Are in Paper

  • Taiwan’s paper shares outperform Apple suppliers this year
  • ‘Multi-year bull market’ seen for Asian paper mill equities
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Photographer: Susana Gonzalez/Bloomberg
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In an equity market dominated by Apple Inc. suppliers, investors are getting the biggest gains by going low-tech.

Since a Chinese government crackdown on water pollution late last year that shuttered some paper mills, manufacturers including Long Chen Paper Co. and Paolung International Co. have rallied and may see a bull run for years to come, according to investors. The trend is showing in Hong Kong as well, where Nine Dragons Paper Holdings Ltd. surged 28 percent in January.